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Investors Dial Up Hong Kong Television Network; Frontier Communications Gains: Telecom Winners & Losers

NEW YORK (TheStreet) -- Shares of Hong Kong Television Network (HKTV) surged by 14% Friday, closing at $4.90.

The 23-year-old company, headquartered in Hong Kong, is involved in multimedia production and content distribution, as well as online shopping.

For the 12 months ending Dec. 31, 2014, Hong Kong Television reported a net loss of $9.5 million on revenue of $2.8 million. It reported total liabilities of $113 million on total assets of $507 million, and stockholder equity of $393 million.

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The company's shares hit their most recent high of $9.57 on March 31 this year.